Official Let's Make Some Money Off Stocks Thread
07-01-2008, 09:44 AM
#183
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well im not going to lie i dont have to huge of a tolerances for losses i am looking for something to hold on to and make some money not strike it rich of course that would be cool too. I am looking for something that would be stable somewhat and that i can hold on too, i do have some capital that i can afford to lose so i do lose money its not the end of the world but i would like to play it safe, and CD's just do not have enough return at all i have 80 k in a cd and it makes 200$ a month...yea 
07-01-2008, 10:25 AM
#186
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Originally Posted by martha,Jul 1 2008, 07:30 AM
I'm getting hammered by MOS. At this point, I hate to sell and take such a hit and it's fallen enough that I'm wondering if I should start buying more. Anyone have an opinion? I know someone mentioned awhile back they might start buying at 145 -- well it's 138.xx now. What do you think?
07-01-2008, 10:58 AM
#187
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Originally Posted by ExOdy,Jul 1 2008, 02:25 PM
what's your cost basis? for the short term, nothing is going to be going much higher. Personally, I'm still averaging down on my favorite names in my portfolio. Timing the market hasn't been successful for me so this strategy has kept me from chasing.
Good, bad or indifferent I did decide to pick up some more today at 137.xx so we'll see what happens from here. Overall, I'm about 37% cash and will probably stay that way for awhile. I don't have a good feel right now and even the energy stocks aren't performing despite the commodity prices. I think the sidelines is the place for me right now.
07-01-2008, 12:57 PM
#190
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Originally Posted by sleeper_s2k,Jul 1 2008, 04:26 AM
i think V is fundamentally good, just needs some news for the market to justify breaking out of that high 70's mid 80's range.
sahtt, which refiner are you long? i was holding TSO for a long time and was able to average down and sell for a minor loss, but things aren't really looking good for refiners unless you're hedging against a fall in oil.
which oil driller are you long? they all seem so expensive..
sahtt, which refiner are you long? i was holding TSO for a long time and was able to average down and sell for a minor loss, but things aren't really looking good for refiners unless you're hedging against a fall in oil.
which oil driller are you long? they all seem so expensive..
As for the price, PEG wise they are actually still cheap if you look at firms like RIG, it also has a P/E of 9 like MRO. NOV is up there around 20 but it has a lot of high profit margin products/services and more growth than usual.
V is good too but in this market environment I don't have any reason to buy any. Longer term as cthree has thoroughly mentioned there is a transition taking place that is bigger than whether the DJIA is at 11k or 14k that V is benefiting from, and I also like their position as a whole in their market. If I knew how to value it better I might own some.
I'm using GG as a hedge instead of SKF even though SKF is just plain screaming, so far it's working well and after doing a little math up I'm a few % since 11,7 on the DOW without actually shorting anything and just recently dipping in to the QID.